foreclosure: Good News for Real Estate - 10/23/09 04:04 AM
There has been $400,000,000,000 (billion) in real estate foreclosed or sold short (loan not paid in full) since the market turned down.  Another wave of foreclosures will be hitting early next year.  It is estimated there are $300+ billion in mortgage loans still in trouble.  
SO WHAT?
That's actually good news.  We are more than half way through this melt down!  The real estate market has stabilized and some areas are experiencing appreciation.  Yet, there is still opportunity to buy a home at the discounted price...and 5% interest!
FORECAST:
Real estate prices will continue to increase from the low reached last winter.Affordability … (2 comments)

foreclosure: 6045 Paris Blvd. Westerville, OH $129,900 - 06/08/09 05:08 AM
Cute 3 level split style home in Westerville.  This home has 3 bedrooms and 1 full and 1 half bathrooms.  The interior is neutral, exterior is brick and vinyl with a one car attached garage.  Deck, fenced in yard, shed.  immediate possession.  This is not a short sale but it is priced like one!
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foreclosure: 1717 Sandhurst Rd Columbus, OH $142,500 - 06/08/09 05:04 AM
Brick ranch style home with 3 bedrooms and 2 full bathrooms.  This well built home is nicely maintained by the original owner.  This home has almost 1700 square feet, gas log fireplace, 2 car attached garage.  There have been many mechanical updates such as heating and air conditioning, roof, windows, etc.  This home is not a short sale or foreclosure but it is priced like one!
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foreclosure: HELP FOR THOSE BEHIND ON HOUSE PAYMENTS - 04/08/09 06:24 AM
I just received the brand new CDPE designation (certified distressed property expert).  A distressed property refers to the condition of the property or the financial condition of the owner.  Did you know that 9.1% of all mortgages are technically in default, that is 30 or more days late on a payment?  Did you know there are multiple options for stressed homeowners...such as mortgage renegotiation, recasting the loan, forbearance, short sale, etc?  I will consult with you or your friends about their options at no charge.  I have helped people avoid foreclosure by renegotiating their loans, getting refinancing and other times I … (0 comments)

foreclosure: Foreclosures/Short Sales in your Neighborhood - 03/11/09 07:01 AM
 Alison Mausser asks "How do you deal with Foreclosures in your neighborhood.  (Good question, thank you Alison)
All real estate has been affected by the present situation. Values are down from 10% in the best areas to over 60% here in Ohio, as much as 90% elsewhere.   
If there is a vacant house in your neighborhood, notify the police and your favorite Realtor.  The police can keep an eye on it and the Realtor can try to research the lender and notify them.  Too often, a family will move out in the middle of the night to avoid the embarrassment … (0 comments)

foreclosure: ATTITUDE CRISIS - 02/04/09 03:25 AM
Know someone with an attitude?  I guess we all have an attitude, but I mean a bad attitude or a negative attitude.  They are hard to deal with, eh?  My cynicism is sometimes misinterpreted as negativity.   
Just read a scary article from MSN website which reveals the media's love for the negative.  I'm not linking you to the article because it's this kind of stuff that makes a bad situation worse. The  media runs the negative and shocking because that's what gets people's attention and without our attention they can't get our money.   
The article ran on and on … (0 comments)

foreclosure: Renegotiating Your Loan - 12/17/08 05:38 AM
RENEGOTIATION  If you know someone who is struggling under their current mortgage, or a few months late on payments they may still have options.  Some mortgage companies are now renegotiating the loan rather than foreclosing.  They may reduce the principle, reduce the interest rate or a combination of both.  The Feds are putting pressure on mortgage companies to try and keep people in their homes instead of continuing to flood the market with foreclosed homes.  The reasoning is if the lender is going to lose money, why not discount the loan and avoid the expense of foreclosure and keep the home … (0 comments)

 
John Jacobus (RE/MAX Impact)

John Jacobus

Westerville, OH

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RE/MAX Impact

Address: 440 Polaris Parkway, Suite 110, Westerville, OH, 43082

Office: 614(523) 100-0233

Mobile: (614) 296-8350

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